private insurance-linked securities

A new private catastrophe bond arrangement has come to light, as the Artex Capital Solutions managed Eclipse Re structure has issued a $100 million Eclipse Re Ltd. (Series 2024-1A) deal.

The insurance-linked securities (ILS) market is expected to remain supportive of investors in 2024, according to Twelve Capital’s Head of Investment Solutions Vittorio Sangiorgio.

Twelve Capital, the Zurich headquartered insurance-linked securities (ILS) and reinsurance investment manager, is forecasting “a longer-lasting heightened pricing environment”, or so-called hard insurance market cycle, with discipline one factor that can help sustain this.

One tranche of notes from the joint-largest private catastrophe bond issuance to ever hit the market, the $250 million Aquarelle Notes transaction, have had their maturity date extended, presumably to allow for development of qualifying catastrophe losses to identify whether this riskier layer from the deal could be triggered.

Private catastrophe bond issuance for 2023 has now reached $642 million, as a new issuance of privately placed insurance-linked securities (ILS) has been completed by the Eclipse Re vehicle, a nearly $100 million Eclipse Re Ltd. (Series 2023-9A) deal.

Six new private cat bond issuances totalling almost $91.2 million of risk capital have come to light from Eclipse Re Ltd., a private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform based in Bermuda, that is owned and operated by Artex Capital Solutions.

Eclipse Re Ltd., a private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform owned and operated by Artex Capital Solutions, has completed the issuance of two private cat bond arrangements totalling almost $18.8 million of risk capital issued.

The second session of the day at our Artemis ILS NYC 2023 conference, held in New York on February 10th 2023, featured industry leaders discussing the need to build investor confidence in the collateralized reinsurance and private ILS side of the market.

The global insurance and reinsurance market, including insurance-linked securities (ILS), currently offers “one of the best entry points for investors in decades” according to Twelve Capital CIO and Founding Partner Urs Ramseier.

Eclipse Re Ltd., a private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform owned and operated by Artex Capital Solutions, has listed three more private cat bond issues totalling roughly $29.54 million of notes in Bermuda.